• CCB $3B bitcoin bonds
    Bitcoin,  Technology

    Chinese banking giant issues $3B of bonds that can be bought with Bitcoin

    CCB, the world’s second-largest bank, says both ‘retail and sophisticated investors’ will have direct access to the sale, with a minimum investment amount of $100

    Announcing the digital bond on Nov. 11, China Construction Bank said investors will be able to purchase these debt securities using Bitcoin or U.S. dollars. According to CCB, the bond will offer returns that are considerably higher than the interest rates currently available on the market—and it will be backed by the bank’s balance sheet.

  • China's renmimbi looks like this right now (via Pixabay).
    Asia & Australia

    China ready to launch central bank cryptocurrency

    Facebook loses out to Chinese tech giants Alibaba and Tencent, which will join major banks in distributing the new digital asset

    Forbes’ Michael del Castillo reported on August 27 that the national bank’s digital currency will be a permissioned blockchain controlled by the central bank, and is intended to replace the bills and coins used in daily transactions rather than the renminbi itself.